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and liabilities (such as trade imbalances, investment income flows, and capital gains) for major external creditors and …
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This paper confronts the traditional balance-of-payments (BoP) analytical framework (with its dominant focus on the size of a given country's current account imbalance and its external liabilities) with the contemporary realities of highly integrated international capital markets and...
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Rebalancing the large U.S. trade deficits could take different paths. Based on model simulations, the paper shows that …
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